Making Money Online Today With The-Success-Project.com

This post is for non-US residents who have a PayPal account.

You may have thought of this for yourself already but I had an internet marketing business for a long time before I worked it out. So if it seems obvious, it is intended for less financially savvy people than you.

Here it is:

If your national currency is not the US dollar, then provided you are making money online and getting US dollar payments into your PayPal account, you can save money by simply:

* keeping a US dollar balance in your PayPal account and buying IM products and memberships with PayPal whenever possible *

Why Does This Save You Money?

Because if you earn dollars in PayPal and convert them to your currency, while buying products in dollars with your credit card, you lose out on the difference between the two exchange rates (the ’sell dollars’ and the ‘buy dollars’ exchange rates).

This can be a lot of money depending how much you spend in dollars per month, especially since PayPal and your credit card company will almost certainly not give you the most advantageous exchange rates that you could find from a bank. Some credit cards even charge a fixed fee on top of their bad exchange rate for any foreign currency purchases.

Plus of course if you pay interest on your credit card balance you will be saving interest charges too by paying with PayPal instead. But even if you don’t pay interest, the saving can be significant.

What You Need To Do

You just need to make sure that when you earn dollars, PayPal does not convert them to your home currency, but adds them to the dollar balance which you create in your PayPal account.

If you cannot find how to do this, just email PayPal support. (Don’t ask me because I cannot see inside your PayPal account!)

Then you will need to keep a big enough balance in US dollars to cover anything you are likely to buy. This probably means keeping a balance of at least $100. You can convert the rest of your earnings to your currency and withdraw it.

(If you are spending more than you earn, I still recommend that you keep a US dollar balance and set yourself the target of increasing your PayPal earnings to cover your expenditure as soon as possible. This will motivate you to earn more and also stop you buying things you don’t need - because if you spend less, your target is closer.)

Then any time that you buy something and you have a choice of credit card or PayPal, choose PayPal.

So when you buy a Clickbank product for example, the price will show first in your own currency. You need to change the currency to US dollars, enter your name and zip code and then click the PayPal payment button.

Example Saving

In my own case I have calculated that for every $100 that I spend in PayPal instead of on my credit card, I save about $6.60. So if I spend $1000 a month total in PayPal, that would give me a saving of $66 every month.

Your savings may be more or less than mine depending on your credit card company’s charges and PayPal policies in your country, but even if you don’t spend much and only save $10 a month, every little helps, right?

Hey … why not buy a PLR article pack with that $10 that you just saved …

You can pay with PayPal

Filed under: Internet Marketing Business